LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 30, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1442 by Fraser (Relating to business entities and associations.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend parts of the Business Organizations Code, Business & Commerce Code, Texas Professional Association Act, and Texas Revised Limited Partnership Act. The bill would repeal Section 2.006 of the Business Organizations Code regarding permissible purposes of for-profit corporations related to railroads. The bill would be effective September 1, 2009. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 307 Secretary of State LBB Staff: JOB, JRO, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 30, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1442 by Fraser (Relating to business entities and associations.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1442 by Fraser (Relating to business entities and associations.), As Introduced
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB1442 by Fraser (Relating to business entities and associations.), As Introduced
SB1442 by Fraser (Relating to business entities and associations.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend parts of the Business Organizations Code, Business & Commerce Code, Texas Professional Association Act, and Texas Revised Limited Partnership Act. The bill would repeal Section 2.006 of the Business Organizations Code regarding permissible purposes of for-profit corporations related to railroads. The bill would be effective September 1, 2009.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 307 Secretary of State
304 Comptroller of Public Accounts, 307 Secretary of State
LBB Staff: JOB, JRO, BTA
JOB, JRO, BTA